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NOVA Company Contact : Dror David , Chief Financial Officer Nova Measuring Instruments Ltd. Tel : + 972-73-229-5760 E - mail : info@novami.com https://www.novami.com/ ● Rehovot , Israel , May 6 , 2021 - Nova ( Nasdaq : NVMI ) today announced financial results for the first quarter ended March 31 , 2021 . First Quarter 2021 Highlights : PROCESS INSIGHT Revenues Company Press Release Nova Reports Record First Quarter 2021 Results Record quarterly revenue of $ 84.1 million , up 38 % year over year Record GAAP net income of $ 17.6 million , or $ 0.60 per diluted share , up 46 % year over year on a per - share basis Net Income Record Non - GAAP net income of $ 20.5 million , or $ 0.70 per diluted share , up 37 % year over year on a per - share basis Record service revenue , led by installed base functionality expansions and productivity upgrades Record product bookings driven by continued diversification across geographies , fabrication technologies and customers Earnings per Diluted Share Net Income Investor Relations Contact : Miri Segal MS - IR LLC Tel : + 917-607-8654 E - mail : msegal@ms-ir.com GAAP Results ( $ K ) Q1 2021 $ 84.133 $ 17,616 $ 0.60 NON - GAAP Results ( $ K ) Q1 2021 $ 20,485 $ 0.70 Q4 2020 $ 76,303 $ 13,657 $ 0.47 Q4 2020 $ 15,872 $ 0.55 Q1 2020 $ 61,022 $ 11,682 $ 0.41 Q1 2020 $ 13,481 $ 0.47 Earnings per Diluted Share A reconciliation between GAAP operating results and non - GAAP operating results is provided following the financial statements that are part of this release . Non - GAAP results exclude amortization of acquired intangible assets , stock - based compensation expenses , expense related to a transaction made by a financial institution without Company authorization , facilities transition costs , revaluation of operating lease liabilities , amortization of debt discount and issuance costs and tax effect of non - GAAP adjustment . Management Comments " Nova delivered a strong growth quarter , outperforming our guidance and achieving revenue and profit records . Our remarkable results were driven by the proliferation of our advanced solutions across customers , segments and technology nodes , " commented Eitan Oppenhaim , President and Chief Executive Officer . " Our differentiated portfolio , honed by our commitment to innovation , continues to strengthen our market position as we address increasingly complex technical transitions to new generations of semiconductors . The achievements this quarter mark another successful milestone in our growth trajectory for this year , as we expand our market presence and deploy our new leading - edge technologies . "